World Acceptance Corp. (WRLD) : Weber Alan W scooped up 7,500 additional shares in World Acceptance Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 175,569 shares of World Acceptance Corp. which is valued at $7 Million.World Acceptance Corp. makes up approximately 5.32% of Weber Alan W’s portfolio.
Other Hedge Funds, Including , Algert Global reduced its stake in WRLD by selling 1,536 shares or 7.49% in the most recent quarter. The Hedge Fund company now holds 18,977 shares of WRLD which is valued at $759,839. World Acceptance Corp. makes up approx 0.29% of Algert Global’s portfolio. Oxford Asset Management added WRLD to its portfolio by purchasing 17,929 company shares during the most recent quarter which is valued at $717,877. World Acceptance Corp. makes up approx 0.03% of Oxford Asset Management’s portfolio.
World Acceptance Corp. opened for trading at $40.19 and hit $41.71 on the upside on Monday, eventually ending the session at $41.38, with a gain of 3.35% or 1.34 points. The heightened volatility saw the trading volume jump to 97,386 shares. Company has a market cap of $369 M.
On the company’s financial health, World Acceptance Corp. reported $3.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $3.70. The company had revenue of $142.30 million for the quarter, compared to analysts expectations of $141.06 million. The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $5.34 EPS.
World Acceptance Corporation is a small-loan consumer finance company. The Company offers short-term small loans medium-term larger loans related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. The Company also offers income tax return preparation services and electronic filing program to its customer base and to others. The Company also markets computer software and related services to financial services companies through its ParaData Financial Systems subsidiary. The Company operates through the consumer finance segment. The Company as an agent for an unaffiliated insurance company markets and sells credit life credit accident and health credit property and unemployment insurance in connection with its loans in selected states where the sale of such insurance is permitted by law. The Company also offers automobile club memberships to its borrowers.